Washington County Community Foundation Inc
- Assets
- $35.6m
- Revenue
- $5.8m
- Investments
- $35.4m
- Employees
- 4
- Location
- Salem, IN
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 35-1883377
Organization Overview
Washington County Community Foundation Inc is located in Salem, IN. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Washington County Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington County Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Washington County Community Foundation Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Washington County Community Foundation Inc has awarded 117 individual grants totaling $2,500,426. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY FOUNDATION WHICH SECURES PERMANENT FUNDS FOR FUNDING CHARITABLE CAUSES AND COMMUNITY PROJECTS IN ORDER TO ENHANCE COMMUNITY WIDE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO LOCAL ORGANIZATIONS TO ASSIST IN VARIOUS COMMUNITY RELATED PROJECTS, DISTRIBUTIONS TO BENEFICIARIES OF DESIGNATED GRANTS, SUPPORT IN THE AFFAIRS AND PROGRAMS OF THE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Johnson Executive Director | Officer | 40 | $105,459 |
Gary Mcknight President | OfficerTrustee | 0.5 | $0 |
Brooke Oakes Vice-President | OfficerTrustee | 0.5 | $0 |
Tanya Dustin Sec/treasurer | OfficerTrustee | 0.5 | $0 |
Adam Kelly Board Member | Trustee | 0.5 | $0 |
Linda Baird Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $541,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,326 |
| Total Program Service Revenue | $0 |
| Investment income | $1,334,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,898,258 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,777,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $594,828 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,459 |
| Compensation of current officers, directors, key employees. | $10,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,527 |
| Payroll taxes | $14,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,765 |
| Advertising and promotion | $9,395 |
| Office expenses | $3,764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,671 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,847 |
| All other expenses | $13,064 |
| Total functional expenses | $1,246,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,733 |
| Savings and temporary cash investments | $93,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,356,106 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,116 |
| Total assets | $35,613,855 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $33,307 |
| Deferred revenue | $388,522 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,994,666 |
| Total liabilities | $5,416,495 |
| Net assets without donor restrictions | $17,197,650 |
| Net assets with donor restrictions | $12,999,710 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,613,855 |
Grants Awarded
Over the last fiscal year, Washington County Community Foundation Inc has awarded $659,511 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Salem, IN PURPOSE: HISTORIC PRESERVATION | $105,910 |
SALEM EDUCATION FOUNDATION PURPOSE: EDUCATION | $100,480 |
EAST WASHINGTON SCHOOL CORPORATON PURPOSE: PRESCHOOL | $50,601 |
WEST WASHINGTON SCHOOL CORPORATION PURPOSE: EDUCATION SCHOLARSHIPS | $42,605 |
Mitchell, IN PURPOSE: PROGAMMING | $35,540 |
CITY OF SALEM PURPOSE: INFRASTRUCTURE | $32,299 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Washington County Community Foundation Inc has recieved totaling $202,391.
| Awarding Organization | Amount |
|---|---|
Regional Opportunity Initiatives Inc Bloomington, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $166,962 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $19,250 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,070 |
Indiana Philanthropy Alliance Foundation Inc Indianapolis, IN PURPOSE: Intern Program | $5,884 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $225 |
Endowment Analysis
| Beg. Balance | $27,032,689 |
| Earnings | $4,882,534 |
| Admin Expense | $347,337 |
| Net Contributions | $842,536 |
| Grants | $915,022 |
| Ending Balance | $31,495,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Southern Indiana Inc New Albany, IN | $128,848,099 | $8,060,969 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Alliance Inc Evansville, IN | $117,500,760 | $8,724,196 |
Hamilton County Community Foundation Inc Fishers, IN | $98,701,430 | $28,985,245 |